Reinsurance, Mitigation Credits Hit Florida Insurers' 2Q Results

Despite reinsurance costs remaining at "relatively high" rates, Florida domestic insurer Homeowners Choice Inc. said it recorded 2010 second-quarter net income of $1.3 million, compared to $3 million a year ago.

By Chad Hemenway|August 10, 2010 at 08:00 PM

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NU Online News Service, Aug. 11, 3:45 p.m. EDT

Despite reinsurance costs remaining at “relatively high” rates, Florida domestic insurer Homeowners Choice Inc. said it recorded 2010 second-quarter net income of $1.3 million, compared to $3 million a year ago.